What is the average cost of the shirt, Microeconomics

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What is the average cost of the shirt

A shirt company spends $1000 per week on rent for its factory. Each shirt made at the factory requires $2 worth of cloth and $6 worth of labour and energy. If the factory produces 2000 shirts per week,

a) What is the average cost of the shirt?
b) What is the marginal cost of the shirt?

If the factory produces 3000 shirts per week,

a) What is the average cost of the shirt?
b) What is the marginal cost of the shirt?

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Microeconomics: What is the average cost of the shirt

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Microeconomics: What is the average cost of the shirt

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Recent Questions Asked Microeconomics

Q : Amount of gain-loss on the sale

Q : How the purchase will grow the business

Q : Value of the option to wait

Q : Explain preferences from indifference curve

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Request for Solution File

Ask an Expert for Answer!!

Microeconomics: What is the average cost of the shirt

Reference No:- TGS039477

Recent Questions Asked Microeconomics

Q : Amount of gain-loss on the sale

Q : How the purchase will grow the business

Q : Value of the option to wait

Q : Explain preferences from indifference curve

Q : What is the average cost of the shirt

Q : Business subscriptions-professional dues

Q : Determining present value of cash flow stream

Q : Identify several of the variable, mixed, and fixed costs

Q : How many people are unemployed in each year

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